Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.81% | -0.26 | 2.06% |
| Return on Equity (%) | ▼ | 16.06% | -5.78 | 21.84% |
| Net Interest Margin (%) | ▲ | 4.52% | +0.26 | 4.26% |
| Efficiency Ratio (%) | ▼ | 45.57% | +3.35 | 42.22% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.02 | $1 |
| Cost of Funds (%) | ▼ | 0.24% | +0.06 | 0.18% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $211 | -3.60 | $215 |
| Gross Loans ($M) | ▲ | $101 | +8.33 | $93 |
| Loan Growth YoY (%) | ▲ | 53.31% | +6.03 | 47.28% |
| Total Deposits ($M) | ▼ | $188 | -6.48 | $194 |
| Shareholders Equity ($M) | ▲ | $23 | +2.77 | $21 |
| Tang. Book Value ($M) | ▲ | $23 | +2.77 | $21 |
| TBV excl. AOCI ($M)** | ▲ | $27 | +2.12 | $25 |
| Loan / Deposit Ratio (%) | ▲ | 53.31% | +6.03 | 47.28% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.48% | +0.09 | 0.38% |
| Allowance / Loans (%) | — | 1.35% | -0.03% | 1.38% |
| Net Charge-Off Ratio (%) | ▼ | 0.92% | +0.13 | 0.80% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▄▅▆▆▇█ | Net Interest Margin (%) | 3.99% | 4.09% | 4.19% | 4.26% | 4.33% | 4.34% | 4.40% | 4.52% |
| ▇▅▁█▇▅▂▆ | Return on Assets (%) | 1.94% | 1.77% | 1.29% | 2.06% | 1.95% | 1.68% | 1.43% | 1.81% |
| ▃▂█▁▂▁█▄ | Efficiency Ratio (%) | 44.3% | 43.3% | 50.4% | 42.2% | 43.6% | 43.0% | 50.3% | 45.6% |
| ▃▂▂▁▁▃█▇ | Cost of Funds (%) | 0.21% | 0.20% | 0.20% | 0.18% | 0.19% | 0.20% | 0.26% | 0.24% |
| ▆▃▁▁▂▆█▃ | NPA / Assets (%) | 0.61% | 0.49% | 0.41% | 0.38% | 0.45% | 0.59% | 0.69% | 0.48% |
| █▄▁▁▃▆▇▂ | Net Charge-Off Ratio (%) | 1.55% | 1.17% | 0.85% | 0.80% | 1.00% | 1.29% | 1.41% | 0.92% |
| ▁▄▁▄▅███ | Tang. Book Value ($M) | $19 | $21 | $19 | $21 | $22 | $24 | $23 | $23 |
| ▁▂▃▄▅▇██ | Gross Loans ($M) | $87 | $90 | $92 | $93 | $95 | $98 | $100 | $101 |
| █▆▃▆▄▄▁▃ | Total Deposits ($M) | $203 | $195 | $187 | $194 | $191 | $190 | $180 | $188 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 69% |
| C&I / Commercial | 12% |
| Agricultural | 1% |
| Consumer | 18% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 39% |
| Interest-Bearing (core) | 56% |
| Brokered / Other | 5% |